Active Taxpayer List (ST)
Active Taxpayer List (ST) is a central record of online active Sales Tax Return filers.
Before Registration and Filing of your Income Tax Return, it is recommended that one should establish basic understanding regarding these processes. Knowledge of basic concepts would not only ensure that the tasks are performed easily but also in the prescribed manner.
Taxable Income means Total Income reduced by donations qualifying straight for deductions and certain deductible allowances.
Total Income is the aggregate of Income chargeable to Tax under each head of Income.
Under the Income Tax Ordinance, 2001, all Income are broadly divided into following five heads of Income:
An Association of Persons, a Company and an Individual are Non-Resident for a Tax Year if they are not Resident for that year.
Is defined in section 101 of the Income Tax Ordinance, 2001, which caters for Incomes under different heads and situations. Some of the common Pakistan source Incomes are as under: –
Is any Income, which is not a Pakistan source Income.
Includes a firm (the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all), a Hindu undivided family, any artificial juridical person and any body of persons formed under a foreign law, but does not include a Company.
Is a period of twelve months ending on 30th day of June i.e. the financial year and is denoted by the calendar year in which the said date falls. For example, tax year for the period of twelve months from July 01, 2017 to June 30, 2018 shall be denoted by calendar year 2018 and the period of twelve months from July 01, 2018 to June 30, 2019 shall be denoted by calendar year 2019. It is called Normal Tax Year.
Means any period of twelve months and is denoted by the calendar year relevant to the Normal Tax Year in which closing date of the Special Tax Year falls. For example, Tax Year for the period of twelve months from January 01, 2017 to December 31, 2017 shall be denoted by calendar year 2018 and the period of twelve months from October 01, 2017 to September 30, 2018 shall be denoted by calendar year 2019.
Active Taxpayer List (ST) is a central record of online active Sales Tax Return filers.
Refund can be only claimed if the person has filed their Income Tax Return electronically. A manual Return does not entitle you to a refund.
The refund amount should be clearly reflected in your Income Tax Return in Iris.
Refund resulting from the Income Tax Return can be claimed by
A person can change their registration information recorded for filing Income Tax Return in three (3) possible ways.
1. Changing information through Iris, a person can change/update information by logging into Iris.
2. Changing information through Central Board of Revenue (CBR) helpline, a person can also change or update
Federal Excise Duty (FED) concepts would not only ensure that the tasks are performed easily but also in the prescribed manner.